REAL ESTATE

Exeter Commons ahead of schedule

BY CSA STAFF

Blue Bell, Pa. As other centers experience long delays, Exeter Commons, in Berks County, Pa., is progressing ahead of schedule, according to owner Exeter JV Associates, LP, a partnership of The Goldenberg Group and Ironwood Property Group.

Two of the 490,000-sq.-ft. shopping center’s anchor stores, Target and Giant Foods, are scheduled to open in late July, with the grand opening of Lowe’s to follow in August.

“Exeter Commons has been a high-development priority for Exeter Township for more than 10 years,” said Kevin Trapper, senior VP The Goldenberg Group. 

The largest shopping center in Exeter Township, Exeter Commons will offer a mix of tenants that includes, besides the three national retailers, a Sonic Drive-In, Wells Fargo/Wachovia, Red Robin, Chick-Fil-A and Affinity Bank.

“The joint venture worked effectively with the township, county and state officials to gain consensus on the project, obtain permits and approvals, and secure significant public funding to allow the project to come to fruition,” said Mark Scott, chairman of the Berks County Commissioners.

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REAL ESTATE

Walmart Supercenter opens in Huntley, Ill.

BY CSA STAFF

Bentonville, Ark. Wal-Mart Stores has opened a 176,400-sq.-ft. Supercenter in Huntley Grove shopping center, located in northwest suburban Huntley, Ill. The new Walmart anchors a center that also features local eatery Jimano’s Pizzeria, as well as The UPS Store, Chiro One and Fone Zone.

Developed by Tucker Development Corp., the newly opened 350,000-sq.-ft. Huntley Grove occupies a prime intersection on the Route 47 retail corridor. “Huntley is a vibrant, growing community and this location has proved to be a prime location for retailers of all sizes,” said Adam Moschin, VP leasing, Tucker.

Tucker develops and manages retail and mixed-use properties totaling more than 4 million sq. ft.

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REAL ESTATE

Greensboro, N.C., to get new retail development

BY CSA STAFF

Charlotte, N.C. Local-area developer Centdev Properties announced it is constructing a $10 million retail project on 25 acres at an Interstate 85 bypass in Greensboro, N.C.

The Village at South Elm is planned to open in phases over the next three years and will service a heavily retailed area that already includes big-box-retailers Wal-Mart and Lowe’s.

According to the developers, The Village at South Elm will have no big-box stores or anchor tenants.

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